Cooper-Standard (NYSE:CPS) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Cooper-Standard (NYSE:CPS) from a hold rating to a buy rating in a report published on Saturday morning.

Cooper-Standard Stock Up 0.7 %

Shares of CPS opened at $14.81 on Friday. Cooper-Standard has a fifty-two week low of $11.24 and a fifty-two week high of $19.21. The firm’s 50 day moving average price is $14.60 and its 200 day moving average price is $14.41. The company has a market cap of $256.61 million, a P/E ratio of -3.26 and a beta of 2.78.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Thursday, February 13th. The auto parts company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.22).

Insiders Place Their Bets

In related news, Director David John Mastrocola bought 3,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the acquisition, the director now owns 11,115 shares in the company, valued at approximately $169,726.05. This represents a 36.97 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CPS. Public Employees Retirement System of Ohio raised its position in Cooper-Standard by 186.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 12,428 shares of the auto parts company’s stock valued at $169,000 after purchasing an additional 8,083 shares during the last quarter. PharVision Advisers LLC acquired a new stake in Cooper-Standard in the 4th quarter valued at about $296,000. Squarepoint Ops LLC acquired a new stake in Cooper-Standard in the 4th quarter valued at about $263,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Cooper-Standard during the 4th quarter worth about $178,000. Finally, Millennium Management LLC boosted its stake in shares of Cooper-Standard by 449.7% during the 4th quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company’s stock worth $2,221,000 after purchasing an additional 134,008 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.